Bid/no-bid decision-making - A fuzzy linguistic approach

被引:73
作者
Lin, Ching-Torng [1 ]
Chen, Ying-Te [1 ]
机构
[1] Department of Accounting, Providence University, Taichung
关键词
Bid/no-bid decision; Fuzzy linguistic; Project management; Risk management;
D O I
10.1016/j.ijproman.2004.01.005
中图分类号
学科分类号
摘要
Bid/no-bid decision-making is a critical activity for a contractor. Limited by both the nature of and the competition for bid opportunities, bid/no-bid decision is associated with uncertainty and complexity. Because subjective considerations such as nature, competition, value of the bid opportunity, resource capabilities, and the reputation of the company are relevant to the bid/no-bid decision, a fuzzy logic approach is adopted. In this approach assessments are described subjectively in linguistic terms, while screening criteria are weighted by their corresponding importance using fuzzy values. As an illustration, a practical example for evaluating a bid opportunity of an international co-development commercial airplane project in Taiwan is cited, which shows how this method can provide the analyst with more convincing and reliable results and cost saving for the company. © 2003 Elsevier Ltd and IPMA. All rights reserved.
引用
收藏
页码:585 / 593
页数:8
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